Other co-founder Oleg Fomenko also mentioned plans to develop an “open-source blockchain DLT technology that will allow Sweatcoin to be traded like any other major crypto- or fiat currency.” markets to other English-speaking countries, then on to continental Europe and Asia.Ĭo-founder Anton Derlyatka also told TechCrunch he’d like to “even include the ability to pay taxes with sweatcoin” in the future. Sweatcoin founders say they plan to use the funding to expand outside of the U.S.
The startup has now raised its own coin to the tune of $5.7 million in seed from Goodwater Capital, which led the round, Greylock, which participated through its Discovery Fund, Rubylight, Seedcamp and SmartHub, as well as a number of angels, including Justin Kan and Rain Lohmus. However, you can earn more if you’re willing to fork over some of those sweatcoins per month to get you in the upper tiers and make some real sweaty moolah toward that coveted Fitbit or whatever fitness gear you’ve got your eye on.
#Sweatcoin shop free
33 in sweatcoins today, for instance, so don’t feel badly if you aren’t hitting that 10,000 step stride.Īnother reason you may hit a wall of motivation in the app is that the free version limits you in how many coins you can earn a day to just five. That makes it a bit hard to earn my coins - I’ve only earned. Note: I’m in my third trimester of pregnancy so I’m not exactly going the distance (just walking up the stairs feels like I’m trying to climb Mount Everest some days). The app says you can only earn these coins by walking outside so it theoretically doesn’t count if you are walking on a treadmill at the gym, though the app on my phone seems to count steps inside my apartment, as well. 95 in “sweatcoins.” Users can later trade these coins in for fitness gear, workout classes, gift cards and a number of other offerings. For every 1,000 steps recorded, the app will pay out. The app then tracks how many steps you take in a day and rewards you a monetary “sweat” value according to your movements. It works like this: users sign up and then hook up their smartphone’s health and fitness data and GPS location to the app. There are more than 2 million weekly active users on the app, and growing, making it one of the fastest-growing fitness apps in the App Store and second to the top in the free apps, next only to the Google Arts & Culture app that blew up over the weekend. The startup says it has accumulated more than 5 million users in the past year and increased revenue by 266 percent in the last quarter. Want a way to workout and earn some coin? Sweatcoin has risen to the top of the App Store for helping folks get something more than just a glow for taking those daily steps.
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